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Kelly’s Korner Video Blog

Take Advantage of Your Home’s Equity

Which option is better for you? A HELOC or cash-out refinance?

Which is better for you: a home equity line of credit or a cash-out refinance? Today we want to explain the difference between these two options, when you might use them, and which one is best for your situation. 

You can watch our full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction

0:58 — Explaining ROE (return on equity)

2:19 — Should you take out a HELOC or do a cash-out refinance? 

3:20 — Explaining HELOCs

4:35 — HELOCs have an adjustable interest rate

6:26 — Explaining cash-out refinances

7:51 — The biggest pro of cash-out refinancing is that it isn’t taxable

8:34 — The interest you pay on a HELOC is tax-deductible if you improve your home

9:46 — Each option has its pros and cons

10:00 — Wrapping up today’s topic

If you have questions or would like to know which option is better for you, please call or email us. We are always willing to help!

What We Do for Buyers in This Market

It’s easy for buyers to become fatigued in a market like this.

Right now, buyers are facing an uphill battle to win the homes they want. This market is very competitive, and there isn’t much inventory. We don’t want our buyers to end up getting fatigued, so I’m sharing the five things we do to help our buyers in the current market. 

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:

0:00 — Introducing today’s topic 

2:30 — No. 1: The Coming Soon Program 

4:35 — No. 2: Relationships 

8:10 — No. 3: Communication 

9:30 — No. 4: We offer bonuses 

10:00 — No. 5: Escalation clause 

11:40 — Wrapping up

If you have any questions, don’t hesitate to reach out to us at (480) 442-9868 or info@kellycookhomes.com. We look forward to hearing from you.